RWE AG (OTCMKTS:RWEOY) Short Interest Update

RWE AG (OTCMKTS:RWEOY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 44,003 shares, an increase of 84.1% from the August 31st total of 23,903 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 168,305 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RWEOY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of RWE in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of RWE in a report on Monday, August 17th. Royal Bank Of Canada restated an “outperform” rating on shares of RWE in a report on Monday, August 17th. Finally, Citigroup reaffirmed a “neutral” rating on shares of RWE in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $53.30.

RWE Stock Down 1.9%

Shares of OTCMKTS:RWEOY traded down $1.27 during trading on Thursday, hitting $65.94. The company’s stock had a trading volume of 11,056 shares, compared to its average volume of 80,899. RWE has a fifty-two week low of $45.52 and a fifty-two week high of $74.10. The company has a market capitalization of $47.88 billion, a PE ratio of 12.54, a P/E/G ratio of 1.22 and a beta of 0.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.29 and a current ratio of 1.35. The business has a 50 day moving average price of $67.25 and a two-hundred day moving average price of $66.56.

RWE Company Profile

RWE AG is a Germany-based energy company engaged in the generation, trading and supply of electricity. Its business is centered on renewable energy, including onshore and offshore wind, solar power and battery storage, supported by flexible generation and energy trading activities.

The company develops, builds and operates energy projects and provides electricity-related services to commercial and residential customers through its supply businesses. RWE has also pursued technologies intended to support the energy transition, including green hydrogen and other lower-carbon energy solutions.

RWE traces its origins to the formation of Rheinisch-Westfälisches Elektrizitätswerk in 1898.